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IndusInd Bank second-quarter profit rises 4.6 percent

Reuters
A man counts currency notes inside a shop in Mumbai, August 13, 2018. REUTERS/Francis Mascarenhas/Files (Reuters)

(Reuters) - IndusInd Bank Ltd posted a 4.6 percent rise in second-quarter profit on Monday, helped by higher interest income.

Net profit was 9.20 billion rupees ($124.36 million) for the quarter ended Sept. 30, compared with 8.80 billion rupees a year earlier, the private sector lender said in a statement https://www.bseindia.com/xml-data/corpfiling/AttachLive/12e9372c-b025-4e09-b3e9-cdcc72546772.pdf.

Gross bad loans as a percentage of total loans stood at 1.09 percent at end-September, compared with 1.15 percent in the previous quarter and 1.08 percent a year earlier.

Interest earned rose 29.2 percent to 54.38 billion rupees.

($1 = 73.9800 Indian rupees)

(Reporting by Chris Thomas in Bengaluru; Editing by Subhranshu Sahu)